A shovel-ready 83 unit site in the heart of San Fernando Valley. Cohen Company and Sync Brokerage are pleased to present this exceptional opportunity to acquire a substantially entitled/RTI multifamily development site at 14045 W. Sherman Way, Los Angeles, positioned along a major San Fernando Valley commercial and residential corridor. The proposed development consists of an approximately 49,548-square-foot, six-story residential apartment project containing 83 units, designed as a 100% affordable senior housing community for residents age 55 and older. The project incorporates five residential levels above a first-floor parking and common-area level, creating an attractive opportunity for an experienced multifamily or affordable-housing developer seeking to significantly reduce the entitlement and pre-development timeline. The current plans contemplate a highly efficient mix of studio and one-bedroom residences, with 17 units each on floors two through five and 14 units on the sixth floor. The affordability schedule shown in the plans consists of 64 low-income units, 17 moderate-income units, plus one manager unit, creating a purpose-built senior housing development designed to address continued demand for attainable housing in Los Angeles. The approximately 16,543-square-foot site is currently planned for approximately 49,548 square feet of zoning floor area. The development utilizes California density-bonus provisions and includes requested development incentives and waivers allowing substantially greater density and FAR than otherwise permitted by the underlying zoning. 14041 SHERMAN WAY, LOS ANGELES CA, 91405 - 2216-002-050 14043 SHERMAN WAY, LOS ANGELES CA, 91405 - 2216-002-049 14051 SHERMAN WAY, LOS ANGELES CA, 91405 - 2216-002-035 The plans also provide approximately 20 automobile parking spaces, despite AB 2097 calculations indicating zero automobile parking spaces are required, together with bicycle parking, landscaped/open-space areas, courtyards, a recreation room, lobby, mail room and other resident-support spaces. For investors and developers, the property's principal value proposition is the ability to acquire a large-scale Los Angeles multifamily development opportunity with extensive architectural and entitlement work already completed, potentially eliminating years of planning associated with ground-up development. Investment Highlights 83-unit multifamily development opportunity 100% affordable senior housing – 55+ Approximately 49,548 SF proposed zoning floor area Approximately 16,543 SF site Six-story development Studio and one-bedroom unit mix 64 low-income + 17 moderate-income + 1 manager unit Approximately 20 on-site automobile parking spaces Recreation room, courtyards and resident open space Density Bonus development Strategic Sherman Way frontage in the San Fernando Valley Opportunity for affordable-housing developers, LIHTC sponsors, nonprofit developers, private multifamily investors and institutional housing groups Advanced development plans offering the potential to materially shorten the development timeline Short LoopNet Marketing Version RARE RTI/ENTITLED 83-UNIT LOS ANGELES DEVELOPMENT OPPORTUNITY Opportunity to acquire an advanced multifamily development project at 14045 W. Sherman Way in the San Fernando Valley. Plans call for an approximately 49,548 SF, six-story, 83-unit senior apartment community consisting primarily of studio and one-bedroom residences. Designed as a 100% affordable 55+ community, the current affordability schedule includes 64 low-income units, 17 moderate-income units and one manager unit. The approximately 16,543 SF site benefits from density-bonus provisions allowing substantially increased density and FAR. The proposed project includes approximately 20 parking spaces, recreation and common areas, courtyards, landscaping, lobby/mail facilities and resident amenities. An exceptional opportunity for a developer or investor to acquire a development-ready Los Angeles multifamily project and bypass a significant portion of the traditional entitlement process. Plans and additional development documentation available to qualified buyers upon signing a confidentially agreement